1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

News Ballmer sells Microsoft shares

Discussion in 'Article Discussion' started by CardJoe, 8 Nov 2010.

  1. GravitySmacked

    GravitySmacked Mostly Harmless

    Joined:
    2 Mar 2009
    Posts:
    3,933
    Likes Received:
    73
    Made me chuckle!
     
  2. Sloth

    Sloth #yolo #swag

    Joined:
    29 Nov 2006
    Posts:
    5,634
    Likes Received:
    208
    This is why I don't get why people make such a fuss about it. Only 18% of his stock and he still makes billions.

    Pull out a couple billion (enough to remain happily wealthy even if everything else fails), invest in something solid and relatively safe like gold, leave the majority in your riskier yet potentially more lucrative stocks. Seems like a fair plan to me.
     
  3. HourBeforeDawn

    HourBeforeDawn a.k.a KazeModz

    Joined:
    26 Oct 2006
    Posts:
    2,637
    Likes Received:
    6
    well he is getting on in years maybe he wants to just go nuts with some insane spending money...
     
  4. Woodspoon

    Woodspoon New Member

    Joined:
    10 May 2008
    Posts:
    502
    Likes Received:
    1
    It's probably just to pay his yearly tax bill
     
  5. s3v3n

    s3v3n MMO Cold Turkey -fail

    Joined:
    23 Jun 2008
    Posts:
    68
    Likes Received:
    0
    Or he wants to sell his stocks before the second market crash sometime in 2011.
     
  6. Cthippo

    Cthippo Can't mod my way out of a paper bag

    Joined:
    7 Aug 2005
    Posts:
    6,783
    Likes Received:
    101
    Maybe he's investing in a money making scheme with a Nigerian businessman who needs his help :D
     
  7. MajestiX

    MajestiX New Member

    Joined:
    14 Apr 2002
    Posts:
    152
    Likes Received:
    0
    Microsoft chief executive Steve Ballmer has revealed that he is selling a large chunk of his stock in Microsoft, leading some to worry that he has lost faith in the _US economy_.

    fixt
     
  8. perplekks45

    perplekks45 LIKE AN ANIMAL!

    Joined:
    9 May 2004
    Posts:
    5,873
    Likes Received:
    416
    He sold some shares, so what? If he sold 50+ per cent of his shares AND stepped down I'd be worried about MS. This way he's just trying to shift some money around to evade taxes. We all do that... on a smaller scale, admittedly.
     
  9. kylew

    kylew New Member

    Joined:
    28 Apr 2007
    Posts:
    214
    Likes Received:
    2
    Bad taste maybe, but I don't understand how this is racist?
     
  10. Cafuddled

    Cafuddled New Member

    Joined:
    3 Nov 2010
    Posts:
    27
    Likes Received:
    0
    Maybe he wanted to buy a really big boat?
     
  11. rickysio

    rickysio N900 | HJE900

    Joined:
    6 Jun 2009
    Posts:
    964
    Likes Received:
    5
    Can you kinect the dots?
     
  12. Snips

    Snips I can do dat, giz a job

    Joined:
    14 Sep 2010
    Posts:
    1,940
    Likes Received:
    66
    Dewey did on Malcolm in the Middle!
     
  13. Scootiep

    Scootiep Member

    Joined:
    9 Aug 2007
    Posts:
    112
    Likes Received:
    2
    People, people, people, settle down. "assist in tax planning" <--- That right there is all you need to know. The Bush era tax cuts on capital gains expire this year and currently it doesn't look like they will be reinstated. Ballmer is simply making a financial move so that he can cover the taxes he will incur on the rest of his shares should the tax cuts not be reinstated. Any speculation on him manipulating Gates or losing faith in his company are ludicrous at best.
     
  14. rickysio

    rickysio N900 | HJE900

    Joined:
    6 Jun 2009
    Posts:
    964
    Likes Received:
    5
    Not impossible, though.
     
  15. new_world_order

    new_world_order 4.0 GHz Dremel

    Joined:
    9 Nov 2010
    Posts:
    37
    Likes Received:
    0
    Microsoft should be an inspiration to us all. They are proof that you can still sell a sucky product and make lots and lots of money, all you need is to leverage unfair business practices against the rest of the community.

    The only way they could make something that didn't suck was if they decided to enter the vacuum cleaner business.
     
    Last edited: 9 Nov 2010
  16. Turbotab

    Turbotab I don't touch type, I tard type

    Joined:
    4 Feb 2009
    Posts:
    1,217
    Likes Received:
    59
    Don't worry, maybe he just needs the money to buy a toupee!
     
  17. mastorofpuppetz

    mastorofpuppetz New Member

    Joined:
    12 Mar 2010
    Posts:
    260
    Likes Received:
    1
    Amazing how such a bug, wealthy company can be so bad, and do so many stupid things and have so many failures.
     
  18. new_world_order

    new_world_order 4.0 GHz Dremel

    Joined:
    9 Nov 2010
    Posts:
    37
    Likes Received:
    0
    I couldn't agree more. It would be like if 95% of the cars on the road were the Ford Pinto!
     
  19. nicae

    nicae New Member

    Joined:
    25 Nov 2008
    Posts:
    128
    Likes Received:
    0
    Hi, I have an air conditioner. Just like my PC, it works great until I open windows.
     
  20. nemo

    nemo Foregone Destruction

    Joined:
    16 Jun 2010
    Posts:
    160
    Likes Received:
    14
    The 'managing my finances for tax' reason sounds phony.

    Apparently Balmer is living on borrowed time as the Microsoft board are losing patience with his screw-ups, the latest and greatest being Windows Phone 7.

    BlackRock, one of the biggest holders of Microsoft shares, has cut its stake in the software company below 5 percent too.

    It also makes me laugh about the low take-up rate of the old Microsoft cash-cow, MS Office. The business take-up is not great, with "the most common concern IT professionals had about deployment was [re-]training employees to use the [EASY TO USE] Ribbon interface, first introduced in Office 2007—a concern identified by fully 45 percent of respondents. Nearly three years after its introduction, it's unclear the extent to which the Ribbon actually baffles users, but there's no doubt that the fact that it might certainly worries thinly stretched IT departments. "

    Combine those two with the woeful tales on Zune and the shoddy Xbox, and the spectacular success of Apple in mp3 players/tablet devices/phones/games, and you must have a very worried executive. If I was Balmer, I'd sell high too.
     
Tags: Add Tags

Share This Page